Griffin Asset Management Inc. Takes Position in Paypal Holdings Inc (PYPL)
Griffin Asset Management Inc. acquired a new stake in Paypal Holdings Inc (NASDAQ:PYPL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,107 shares of the credit services provider’s stock, valued at approximately $1,992,000.
Several other large investors also recently added to or reduced their stakes in PYPL. Apriem Advisors increased its stake in Paypal by 0.6% during the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in Paypal by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares during the last quarter. Sigma Planning Corp boosted its holdings in Paypal by 0.4% during the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 74 shares during the last quarter. Train Babcock Advisors LLC boosted its holdings in Paypal by 1.6% during the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after acquiring an additional 86 shares during the last quarter. Finally, Calamos Wealth Management LLC boosted its holdings in Paypal by 0.3% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.
In other Paypal news, Director Rodney C. Adkins purchased 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.00% of the company’s stock.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $73.29 on Tuesday. Paypal Holdings Inc has a 52 week low of $39.02 and a 52 week high of $79.39. The company has a market capitalization of $87,631.27, a price-to-earnings ratio of 52.08, a P/E/G ratio of 2.99 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. analysts predict that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/12/griffin-asset-management-inc-takes-position-in-paypal-holdings-inc-pypl.html.
Paypal Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).
Receive News & Stock Ratings for Paypal Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc and related stocks with our FREE daily email newsletter.